1. Question Content Area Sales Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.25 7,000 $16.00 February 58,000 $8.25 8,000 $16.00 March 80,000 $8.25 13,000 $16.00 April 100,000 $8.25 18,000 $16.00 Required: Question Content Area 1. Construct a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. FlashKick CompanySales BudgetFor the First Quarter of Next Year January February March Quarter Practice ball: Units fill in the blank 94a8abf7effcf8f_1 fill in the blank 94a8abf7effcf8f_2 fill in the blank 94a8abf7effcf8f_3 fill in the blank 94a8abf7effcf8f_4 Unit price $fill in the blank 94a8abf7effcf8f_5 $fill in the blank 94a8abf7effcf8f_6 $fill in the blank 94a8abf7effcf8f_7 $fill in the blank 94a8abf7effcf8f_8 Sales $fill in the blank 94a8abf7effcf8f_9 $fill in the blank 94a8abf7effcf8f_10 $fill in the blank 94a8abf7effcf8f_11 $fill in the blank 94a8abf7effcf8f_12 Match ball: Units fill in the blank 94a8abf7effcf8f_13 fill in the blank 94a8abf7effcf8f_14 fill in the blank 94a8abf7effcf8f_15 fill in the blank 94a8abf7effcf8f_16 Unit price $fill in the blank 94a8abf7effcf8f_17 $fill in the blank 94a8abf7effcf8f_18 $fill in the blank 94a8abf7effcf8f_19 $fill in the blank 94a8abf7effcf8f_20 Sales $fill in the blank 94a8abf7effcf8f_21 $fill in the blank 94a8abf7effcf8f_22 $fill in the blank 94a8abf7effcf8f_23 $fill in the blank 94a8abf7effcf8f_24 Total sales $fill in the blank 94a8abf7effcf8f_25 $fill in the blank 94a8abf7effcf8f_26 $fill in the blank 94a8abf7effcf8f_27 $fill in the blank 94a8abf7effcf8f_28 Question Content Area 2. What if FlashKick added a third line—tournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $45 each in January and February, and $48 each in March? Prepare a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. FlashKick CompanySales BudgetFor the First Quarter January February March Quarter Practice ball: Units fill in the blank a4c058f5901a064_1 fill in the blank a4c058f5901a064_2 fill in the blank a4c058f5901a064_3 fill in the blank a4c058f5901a064_4 Unit price $fill in the blank a4c058f5901a064_5 $fill in the blank a4c058f5901a064_6 $fill in the blank a4c058f5901a064_7 $fill in the blank a4c058f5901a064_8 Sales $fill in the blank a4c058f5901a064_9 $fill in the blank a4c058f5901a064_10 $fill in the blank a4c058f5901a064_11 $fill in the blank a4c058f5901a064_12 Match ball: Units fill in the blank a4c058f5901a064_13 fill in the blank a4c058f5901a064_14 fill in the blank a4c058f5901a064_15 fill in the blank a4c058f5901a064_16 Unit price $fill in the blank a4c058f5901a064_17 $fill in the blank a4c058f5901a064_18 $fill in the blank a4c058f5901a064_19 $fill in the blank a4c058f5901a064_20 Sales $fill in the blank a4c058f5901a064_21 $fill in the blank a4c058f5901a064_22 $fill in the blank a4c058f5901a064_23 $fill in the blank a4c058f5901a064_24 Tournament ball: Units fill in the blank a4c058f5901a064_25 fill in the blank a4c058f5901a064_26 fill in the blank a4c058f5901a064_27 fill in the blank a4c058f5901a064_28 Unit price $fill in the blank a4c058f5901a064_29 $fill in the blank a4c058f5901a064_30 $fill in the blank a4c058f5901a064_31 $fill in the blank a4c058f5901a064_32 Sales $fill in the blank a4c058f5901a064_33 $fill in the blank a4c058f5901a064_34 $fill in the blank a4c058f5901a064_35 $fill in the blank a4c058f5901a064_36 Total sales $fill in the blank a4c058f5901a064_37 $fill in the blank a4c058f5901a064_38 $fill in the blank a4c058f5901a064_39 $fill in the blank a4c058f5901a064_40
1. Question Content Area Sales Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.25 7,000 $16.00 February 58,000 $8.25 8,000 $16.00 March 80,000 $8.25 13,000 $16.00 April 100,000 $8.25 18,000 $16.00 Required: Question Content Area 1. Construct a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. FlashKick CompanySales BudgetFor the First Quarter of Next Year January February March Quarter Practice ball: Units fill in the blank 94a8abf7effcf8f_1 fill in the blank 94a8abf7effcf8f_2 fill in the blank 94a8abf7effcf8f_3 fill in the blank 94a8abf7effcf8f_4 Unit price $fill in the blank 94a8abf7effcf8f_5 $fill in the blank 94a8abf7effcf8f_6 $fill in the blank 94a8abf7effcf8f_7 $fill in the blank 94a8abf7effcf8f_8 Sales $fill in the blank 94a8abf7effcf8f_9 $fill in the blank 94a8abf7effcf8f_10 $fill in the blank 94a8abf7effcf8f_11 $fill in the blank 94a8abf7effcf8f_12 Match ball: Units fill in the blank 94a8abf7effcf8f_13 fill in the blank 94a8abf7effcf8f_14 fill in the blank 94a8abf7effcf8f_15 fill in the blank 94a8abf7effcf8f_16 Unit price $fill in the blank 94a8abf7effcf8f_17 $fill in the blank 94a8abf7effcf8f_18 $fill in the blank 94a8abf7effcf8f_19 $fill in the blank 94a8abf7effcf8f_20 Sales $fill in the blank 94a8abf7effcf8f_21 $fill in the blank 94a8abf7effcf8f_22 $fill in the blank 94a8abf7effcf8f_23 $fill in the blank 94a8abf7effcf8f_24 Total sales $fill in the blank 94a8abf7effcf8f_25 $fill in the blank 94a8abf7effcf8f_26 $fill in the blank 94a8abf7effcf8f_27 $fill in the blank 94a8abf7effcf8f_28 Question Content Area 2. What if FlashKick added a third line—tournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $45 each in January and February, and $48 each in March? Prepare a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. FlashKick CompanySales BudgetFor the First Quarter January February March Quarter Practice ball: Units fill in the blank a4c058f5901a064_1 fill in the blank a4c058f5901a064_2 fill in the blank a4c058f5901a064_3 fill in the blank a4c058f5901a064_4 Unit price $fill in the blank a4c058f5901a064_5 $fill in the blank a4c058f5901a064_6 $fill in the blank a4c058f5901a064_7 $fill in the blank a4c058f5901a064_8 Sales $fill in the blank a4c058f5901a064_9 $fill in the blank a4c058f5901a064_10 $fill in the blank a4c058f5901a064_11 $fill in the blank a4c058f5901a064_12 Match ball: Units fill in the blank a4c058f5901a064_13 fill in the blank a4c058f5901a064_14 fill in the blank a4c058f5901a064_15 fill in the blank a4c058f5901a064_16 Unit price $fill in the blank a4c058f5901a064_17 $fill in the blank a4c058f5901a064_18 $fill in the blank a4c058f5901a064_19 $fill in the blank a4c058f5901a064_20 Sales $fill in the blank a4c058f5901a064_21 $fill in the blank a4c058f5901a064_22 $fill in the blank a4c058f5901a064_23 $fill in the blank a4c058f5901a064_24 Tournament ball: Units fill in the blank a4c058f5901a064_25 fill in the blank a4c058f5901a064_26 fill in the blank a4c058f5901a064_27 fill in the blank a4c058f5901a064_28 Unit price $fill in the blank a4c058f5901a064_29 $fill in the blank a4c058f5901a064_30 $fill in the blank a4c058f5901a064_31 $fill in the blank a4c058f5901a064_32 Sales $fill in the blank a4c058f5901a064_33 $fill in the blank a4c058f5901a064_34 $fill in the blank a4c058f5901a064_35 $fill in the blank a4c058f5901a064_36 Total sales $fill in the blank a4c058f5901a064_37 $fill in the blank a4c058f5901a064_38 $fill in the blank a4c058f5901a064_39 $fill in the blank a4c058f5901a064_40
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
1. Question Content Area
Sales Budget
FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:
| Practice Balls | Match Balls | ||||||
| Units | Selling Price | Units | Selling Price | ||||
| January | 50,000 | $8.25 | 7,000 | $16.00 | |||
| February | 58,000 | $8.25 | 8,000 | $16.00 | |||
| March | 80,000 | $8.25 | 13,000 | $16.00 | |||
| April | 100,000 | $8.25 | 18,000 | $16.00 |
Required:
Question Content Area
1. Construct a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent.
| January | February | March | Quarter | |
|---|---|---|---|---|
| Practice ball: | ||||
| Units | fill in the blank 94a8abf7effcf8f_1 | fill in the blank 94a8abf7effcf8f_2 | fill in the blank 94a8abf7effcf8f_3 | fill in the blank 94a8abf7effcf8f_4 |
| Unit price | $fill in the blank 94a8abf7effcf8f_5 | $fill in the blank 94a8abf7effcf8f_6 | $fill in the blank 94a8abf7effcf8f_7 | $fill in the blank 94a8abf7effcf8f_8 |
| Sales | $fill in the blank 94a8abf7effcf8f_9 | $fill in the blank 94a8abf7effcf8f_10 | $fill in the blank 94a8abf7effcf8f_11 | $fill in the blank 94a8abf7effcf8f_12 |
| Match ball: | ||||
| Units | fill in the blank 94a8abf7effcf8f_13 | fill in the blank 94a8abf7effcf8f_14 | fill in the blank 94a8abf7effcf8f_15 | fill in the blank 94a8abf7effcf8f_16 |
| Unit price | $fill in the blank 94a8abf7effcf8f_17 | $fill in the blank 94a8abf7effcf8f_18 | $fill in the blank 94a8abf7effcf8f_19 | $fill in the blank 94a8abf7effcf8f_20 |
| Sales | $fill in the blank 94a8abf7effcf8f_21 | $fill in the blank 94a8abf7effcf8f_22 | $fill in the blank 94a8abf7effcf8f_23 | $fill in the blank 94a8abf7effcf8f_24 |
| Total sales | $fill in the blank 94a8abf7effcf8f_25 | $fill in the blank 94a8abf7effcf8f_26 | $fill in the blank 94a8abf7effcf8f_27 | $fill in the blank 94a8abf7effcf8f_28 |
Question Content Area
2. What if FlashKick added a third line—tournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $45 each in January and February, and $48 each in March? Prepare a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent.
| January | February | March | Quarter | |
|---|---|---|---|---|
| Practice ball: | ||||
| Units | fill in the blank a4c058f5901a064_1 | fill in the blank a4c058f5901a064_2 | fill in the blank a4c058f5901a064_3 | fill in the blank a4c058f5901a064_4 |
| Unit price | $fill in the blank a4c058f5901a064_5 | $fill in the blank a4c058f5901a064_6 | $fill in the blank a4c058f5901a064_7 | $fill in the blank a4c058f5901a064_8 |
| Sales | $fill in the blank a4c058f5901a064_9 | $fill in the blank a4c058f5901a064_10 | $fill in the blank a4c058f5901a064_11 | $fill in the blank a4c058f5901a064_12 |
| Match ball: | ||||
| Units | fill in the blank a4c058f5901a064_13 | fill in the blank a4c058f5901a064_14 | fill in the blank a4c058f5901a064_15 | fill in the blank a4c058f5901a064_16 |
| Unit price | $fill in the blank a4c058f5901a064_17 | $fill in the blank a4c058f5901a064_18 | $fill in the blank a4c058f5901a064_19 | $fill in the blank a4c058f5901a064_20 |
| Sales | $fill in the blank a4c058f5901a064_21 | $fill in the blank a4c058f5901a064_22 | $fill in the blank a4c058f5901a064_23 | $fill in the blank a4c058f5901a064_24 |
| Tournament ball: | ||||
| Units | fill in the blank a4c058f5901a064_25 | fill in the blank a4c058f5901a064_26 | fill in the blank a4c058f5901a064_27 | fill in the blank a4c058f5901a064_28 |
| Unit price | $fill in the blank a4c058f5901a064_29 | $fill in the blank a4c058f5901a064_30 | $fill in the blank a4c058f5901a064_31 | $fill in the blank a4c058f5901a064_32 |
| Sales | $fill in the blank a4c058f5901a064_33 | $fill in the blank a4c058f5901a064_34 | $fill in the blank a4c058f5901a064_35 | $fill in the blank a4c058f5901a064_36 |
| Total sales | $fill in the blank a4c058f5901a064_37 | $fill in the blank a4c058f5901a064_38 | $fill in the blank a4c058f5901a064_39 | $fill in the blank a4c058f5901a064_40 |
Transcribed Image Text:Production Budget
FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick's best-selling
lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls
used in games). In the first four months of next year, FlashKick expects to sell the following:
Practice Balls
Match Balls
Units
Selling Price
Units
Selling Price
January
50,000
$8.75
7,000
$16.00
February
58,000
$8.75
7,500
$16.00
March
70,000
$8.75
13,000
$16.00
April
100,000
$8.75
18,000
$16.00
FlashKick requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was
3,300 practice soccer balls and 400 match soccer balls.
Required:
Construct a production budget for each of the two product lines for FlashKick Company for the first three months of the coming year.
Production budget for practice balls:
FlashKick Company
Production Budget - Practice Balls
For the First Quarter of Next Year
Unit sales
Total needed
Units produced
January February March
Transcribed Image Text:Production budget for match balls:
FlashKick Company
Production Budget - Match Balls
For the First Quarter of Next Year
January February March
Unit sales
Total needed
Units produced
00000
00000
00000
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